Farm Business Management -- Reports -- Minnesota STATEWIDE

	Avg. Of
	All Farms		Low 20%		High 20%

Number of farms	357		71		73

	Quantity	Value	Quantity	Value	Quantity	Value
Milk sold (lb)	19,752.50	2,401.54	16,702.80	1,949.80	22,109.16	2,750.60
Milk used in home (lb)	16.63	1.93	18.44	1.90	13.74	1.70
Milk fed to animals (lb)	73.29	7.20	87.37	10.14	58.36	5.09
Dairy Calves sold (hd)	0.37	85.90	0.35	95.42	0.36	78.78
Transferred out (hd)	1.09	450.32	0.98	408.36	1.25	516.18
Cull sales (hd)	0.32	136.97	0.34	145.33	0.29	137.19
Butchered (hd)	0.01	4.37	0.01	4.46	0.01	4.52
Less purchased (hd)	-0.14	-148.25	-0.27	-263.94	-0.13	-151.83
Less transferred in (hd)	-0.96	-432.22	-0.86	-407.60	-1.02	-503.11
Inventory change (hd)	0.07	96.86	0.08	102.72	0.14	211.53
Total production	2,605.60		2,046.59		3,054.92
Other income	96.17		85.68		110.14
Gross return	2,701.77		2,132.27		3,165.06

Direct Expenses
Corn (bu.)	94.54	164.57	91.13	155.71	100.82	174.77
Corn Silage (lb.)	17,768.76	157.33	15,319.05	141.62	19,733.12	165.72
Hay, Alfalfa (lb.)	4,464.64	161.97	5,078.60	187.55	3,770.65	134.57
Hay, Grass & Other (lb.)	1,243.84	30.14	1,606.39	40.36	1,060.64	27.57
Haylage, Alfalfa (lb.)	7,446.38	135.81	8,155.03	150.26	8,698.52	158.76
Complete Ration (lb.)	1,684.34	97.73	1,013.67	73.13	4,135.61	82.95
Protein Vit Minerals (lb.)	4,174.83	370.71	2,780.56	354.55	3,637.49	422.23
Other feed stuffs	1,200.07	70.42	499.76	65.75	1,315.82	39.56
Breeding fees	31.38		28.75		37.93
Veterinary	94.10		70.46		101.70
BST	31.62		17.70		27.52
Livestock supplies	126.71		112.76		115.17
DHIA	14.82		12.94		16.33
Fuel & oil	34.21		32.70		37.56
Repairs	101.19		98.07		114.28
Custom hire	43.07		75.24		23.65
Hired labor	8.52		18.83		0.42
Livestock leases	5.06		10.99		0.82
Hauling and trucking	34.25		27.61		32.94
Marketing	41.69		43.10		46.19
Operating interest	12.06		17.43		6.86
Total direct expenses	1,767.34		1,735.51		1,767.52
Return over direct expense	934.42		396.76		1,397.55

Overhead Expenses
Hired labor	161.86		58.91		227.93
Machinery & bldg leases	31.61		24.79		28.72
RE & pers. property taxes	10.35		9.27		13.48
Farm insurance	27.53		26.30		29.14
Utilities	63.60		60.48		69.79
Interest	140.47		136.23		143.60
Mach & bldg depreciation	118.70		94.31		142.45
Miscellaneous	37.21		53.12		37.79
Total overhead expenses	591.33		463.41		692.90
Total dir & ovhd expenses	2,358.68		2,198.92		2,460.42
Net return	343.09		-66.65		704.65

Labor & management charge	216.55		237.19		236.40
Net return over lbr & mgt	126.54		-303.84		468.24

Cost of Production
Total direct expense per cwt.	8.91		10.33		7.97
Total dir& ovhd expense per cwt.	11.89		13.08		11.09
With labor and management	12.98		14.49		12.16
With other revenue adjustments	11.51		13.48		10.32

Est. labor hours per unit	41.48		40.72		41.63

Other Information
Avg. number of Cows	87.6		64.0		97.1
Milk produced per Cow	19,842		16,809		22,181
Percent butterfat in milk	3.8		3.6		3.7
Culling percentage	32.2		34.4		29.3
Percent of barn capacity	107.6		99.8		108.9
Lbs. milk/lb grain & conc.	1.7		1.8		1.6
Feed cost per cwt of milk	5.99		6.95		5.44
Feed cost per Cow	1,188.67		1,168.93		1,206.14
Avg. milk price per cwt.	12.16		11.67		12.44